- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Kyle Brasseur2023-10-20T17:45:00
Deutsche Bank was assessed a penalty of 170,000 euros (U.S. $180,000) by Germany’s financial supervisory authority for failing to timely submit suspicious activity reports (SARs).
BaFin announced the fine Thursday, noting the reports related to suspected money laundering. The fine total was comprised of five penalties, as determined in the regulator’s March decision.
A link to BaFin’s decision could not be found on its website.
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